Learn more about China’s CBDC’s and E-CNY with Jiaying Christine Jiang, OpenBusinessCouncil, 21st April

We catch up with Jiaying Christine Jiang – Hauser Global Fellow, NYU Schoool of Law, one of the speakers on this panel Blockchain, DeFi and CBDC – the Next Fintech Frontier at the the openbusinesscouncil summit on April 21st. 

Here are all of the speakers on this panel ->

1. Eloisa Marchesoni – Co-Founder and COO Blackchain
2. Dr. Eva Szalkai Csaky  – Executive Director of the Hunt Institute for Engineering & Humanity at SMU, co-founder of the Inclusive Economy Consortium, President of FinTech4Good Global
3. Marcelo Miranda, Founder Finchain, FlowBTC, PandaPay
4. Jiaying Christine Jiang – Hauser Global Fellow, NYU Schoool of Law

Jiaying Christine Jiang, OpenBusinessCouncil, 21st April

1 min pitch for what you are doing now?

Now?  I am organizing a CBDC workshop with my colleague at Yale Law. We bring high-level individuals from governments, academia, and industry to discuss China’s CBDC. The discussion will focus on the state of China’s CBDC, potential impacts in China and abroad, policy, legal and technical concerns, and venues for international cooperation.

We have published a report on this topic and will continue to write more articles with further research. That’s a nutshell of my work. A broader picture is I am working on law and tech related research. As a Hauser Global Fellow at NYU Law, I examine if sandbox can be an efficient regulatory approach for fintech implementation. I also participate in the RegTrax initiative, a law and blockchain initiative, at Stanford CodeX.

How was the last year, what worked well, what didn’t move as quickly as you would have liked / how have you adapted to the current corona times?

In the CBDC space, the vast majority of central banks are now exploring CBDCs. According to the third BIS survey on CBDCs, major central banks have published a multitude of in-depth assessments of related policy issues and tested a variety of CBDC designs. In 2020, Bahamas launched its Sand Dollar and China expanded CBDC trials in various cities. However, there is still no timeline for China to launch its CBDC and a broader roll-out of CBDC in other countries is still pending.

In terms of myself, thanks to technology and the Internet. I have been working from home without too much disruption since March 2020. I am also glad I got time to experiment with various healthy recipes and develop new skills such as meditation and rock climbing. Stay healthy mentally and physically.

What are your plans for the future?

I will continue my research or practice in the law and tech space. Short-term plans may change but the ultimate goal is to maximize the benefits technology can bring to people and protect individuals’ rights in the digital era. My interdisciplinary scholarship strives for bridging and narrowing the gap between legal space and tech space.

I will also continue to promote gender equality and support women’s education. I would love to see more women lead important roles and thrive in their very own ways.

What will you be talking about at this event? 

I will share my thoughts on Central Bank Digital Currencies, especially China’s CBDC: E-CNY. For example, what are China’s motivations for issuing a CBDC? What’s the most recent development of E-CNY? What are the potential impacts and challenges of E-CNY?

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What inspired you to attend it?

Curiosity, curiosity and curiosity.

Dinis interviewed me a few months ago and told me about this summit. I trust his ability to attract the most talented people to participate in this intellectual party. And yes, I knew he did not disappoint me the moment I saw the list of speakers, many of whom are thought leaders, industry experts, doers and reformers. I am very curious about their views on their respective fields and eager to learn more. I also anticipate seeing some disagreements or debates over certain issues, such as privacy& transparency, the utility and possibility of some technologies, and technological shift towards a new society, which I know would excite me the most.

Which influencers and websites do you follow to keep up to date with the latest developments?

I have a few channels to keep myself updated on what’s going on.

First of all, I am a scholar so I read academic papers on law and tech issues on SSRN (many scholars post their work in progress there for feedback), various law reviews, and law and tech journals. Some of the papers are peer-reviewed. The peer-review process somehow guarantees the quality of the papers.

Second, I attend academic meetings and conferences, such as NYU PRG, NYU faculty colloquium, Yale ISP, Stanford CodeX, Law and Society Annual Meeting, National Business Law Scholar Conference, and sometimes American Bar Association conferences. Some of these meetings or conferences are open to the public if interested.

In addition, I frequently speak and participate in nonacademic conferences in different countries. Talking to fellow speakers or conference attendees keeps me informed and offers me new angles to think about law and tech issues. I am also in some Telegram groups. Group members actively share interesting pieces regarding the latest developments in the field from various sources. These are always a quick and enjoyable read for me during my breakfast or lunchtime.

How can people find out more about what you are working on?

It’s the 21st century! Social media is one of the most important venues for communication. I share my articles, speeches, or events I attend on LinkedIn, Twitter, SSRN, Stanford RegTrax blog and some journals.

Short bio:

Jiaying is a Hauser Global Fellow affiliated with the Information Law Institute at New York University School of Law. She is also the co-leader of the Central Bank Digital Currency project, cooperating with the China Center at Yale Law School, and a contributor of the RegTrax Initiative at the CodeX Center for Legal Informatics, Stanford Law School.

She is admitted to the bars in China and the State of New York. Her research focuses on the interaction between law and technology, especially policies and regulations on emerging technologies, such as artificial intelligence, blockchain, smart contracts, digital currencies, FinTech, and LegalTech. Her research interests also include computational law, comparative law, data rights, platform competition, and privacy issues.

LinkedIn: https://www.linkedin.com/in/dr-jiaying-christine-jiang-8b8b1654/

Twitter: https://twitter.com/Dr_JiayingJiang

Great new blog post on the implications of China's CBDC from @nyulaw's @Dr_JiayingJiang and @YLSChina's Karmen Lucero: https://t.co/cIPTkNxfX7

— Stanford RegTrax (@regtrax) April 7, 2021

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